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What you need to know

In January 2016 The City Centre Partnership launched the process to establish a Business Improvement District for St Albans, built by local businesses for local businesses and managed by local businesses. The CCP, a business led partnership of the private and public sector, was formed to ensure that St Albans City builds on its strengths and rises to the challenges of the changing face of British city centres, now and in the future.

What is a BID?

A BID is a defined area within which businesses pay a levy in order to fund projects within the district’s boundaries. With over 200 BIDs in the UK generating over £65m annually, a BID is a proven model used nationally to improve different aspects of a city centre.

Who manages the BID?

St Albans BID is a private sector-led, not for profit, limited company. The BID is built by local businesses, for local businesses and managed by local businesses. A BID is not managed by the Local Authority. It enhances existing services provided by the Council, rather than replace them.

Does the BID replace existing council services?

No. A baseline agreement of existing services provided by St Albans City and District Council has been formed to ensure that all of the BID levy concentrates on improving existing services.

How much will it cost?

Businesses within the BID area pay a levy of 1.8% based on their rateable value. Businesses with a rateable value below £10k will be exempt.

What is the defined area? How was the BID established?

All businesses within the area, with the exception of those under the £10,000 threshold, had the opportunity to vote for or against the BID in November 2016.

A successful vote is one that has a simple majority both in votes cast and in rateable value of votes cast.

Once the BID is in operation, the levy is charged on all businesses within the defined area. The BID will operate for 5 years after which time it must be renewed.

What's next for the BID?

The BID has appointed Helen Burridge as its BID Manager to deliver the BID business plan over the next five years. The BID company is now in place so that the events, infrastructure and business benefits that were voted in are delivered promptly and effectively, helping the City reap the benefits of the money invested by businesses over the coming years.

What’s next for businesses?

Businesses have received their BID bill with your business rates bill for 2017. On the bill, there will be all the information about ways to pay.

All the money collected by the BID levy is then transferred to the BID Company to deliver the BID Business Plan voted on in November.

Can the BID support my idea/ community fund / project?

We’d love to hear from individuals, charities and organisations that feel that a financial boost from the BID would support and reward the businesses within the City Centre. This result can be achieved by increasing footfall, generating positive news stories about St Albans City Centre, supporting economic growth and entrepreneurism and more. If you think you have an idea that we can help with, please get in touch or complete the Business Case application here.